2-bed · 1,466 sqftMurjan 3, Jumeirah Beach Residence · 24th floor · completed 2007

2404, Murjan 3

Sold prices and rental history: sold 3 times, last in August 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2404 · DLD and Ejari recordsUpdated 30 August 2023
Last soldAED 2.1M30 August 2023
Current rentAED 95K /yr3 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2404, Murjan 3

What is 2404 worth today?

Last sold for AED 2,100,000 in 2023

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30 Aug 2023SoldReady
AED 2,100,000AED 1,432 per sqft
3 Feb 2021RentedNew contract
AED 95,000/yr12 months · AED 65 per sqft
26 Apr 2020RentedNew contract
AED 90,000/yr12 months · AED 61 per sqft
1 Dec 2018RentedNew contract
AED 125,000/yr12 months · AED 85 per sqft
17 Mar 2018RentedRenewal
AED 140,000/yr12 months · AED 96 per sqft
17 Mar 2017RentedRenewal
AED 145,000/yr12 months · AED 99 per sqft
17 Mar 2016RentedNew contract
AED 145,000/yr12 months · AED 99 per sqft
15 Mar 2016SoldReady
AED 2,150,000AED 1,466 per sqft

Source: Dubai Land Department. Updated 30 August 2023.

Key facts

Type
2-bed apartment
Size
1,466 sqft
Floor
24th of 29
Parking
B778
Developer
Dubai Properties
Completed
2007
Service charge
AED 21,800 /yr
Last sold
AED 2.1M · August 2023
Building
Murjan 3

About 2404, Murjan 3

2404 is a two-bedroom apartment of 1,466 sqft on the 24th floor of Murjan 3, a 29-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 30 August 2023 for AED 2,100,000, or AED 1,432 per sqft, 6% above the AED 1,345 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 3 February 2021, is AED 95,000 a year: a gross yield of 4.5% on the 2023 price, before the service charge of about AED 21,800 a year.

Sales and rents for 2404 over time

Sales
Unit 2404, each saleTypical two-bed in Murjan 3
2M2.5M2008201320182023Typical sale price by year: 2008 AED 2,325,000; 2009 AED 2,000,000; 2013 AED 2,325,000; 2014 AED 2,675,500; 2016 AED 2,065,000; 2018 AED 1,700,000; 2022 AED 1,812,500; 2023 AED 2,100,000; 2024 AED 2,725,000; 2025 AED 2,084,644; 2026 AED 2,450,000Sold by developer, May 2008: AED 2,325,000 (AED 1,585 per sqft)Sold, March 2016: AED 2,150,000 (AED 1,466 per sqft)Sold, August 2023: AED 2,100,000 (AED 1,432 per sqft)

2404 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2404, each contractTypical two-bed in Murjan 3
100K150K2012201620202024Typical rent by year: 2012 AED 125,000; 2013 AED 122,500; 2014 AED 160,000; 2015 AED 165,000; 2016 AED 145,000; 2017 AED 140,000; 2018 AED 132,500; 2019 AED 112,500; 2020 AED 90,000; 2021 AED 94,250; 2022 AED 100,000; 2023 AED 156,500; 2024 AED 140,000; 2025 AED 148,000; 2026 AED 116,525New contract, March 2016: AED 145,000 a yearRenewal, March 2017: AED 145,000 a yearRenewal, March 2018: AED 140,000 a yearNew contract, December 2018: AED 125,000 a yearNew contract, April 2020: AED 90,000 a yearNew contract, February 2021: AED 95,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Murjan 3, and where 2404 sits

All 26 2-beds →

2404 last sold in August 2023 at AED 1,432 per sqft, 6% above what two-beds in Murjan 3 were fetching at the time (AED 1,345). Over the last 12 months two-beds sold for AED 2,275,000 to 2,730,000, around AED 1,667 per sqft, and rent for AED 110,000 to 170,000 a year. 2404's AED 95,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Aug 20262,450,000
4 Mar 20262,730,000
4 Feb 20262,275,000
13 Oct 20252,000,000
3 2-bed sales in the last 12 months

Murjan 3

Building

92 apartments, 2-bed to 4-bed over 29 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 9 sold in the last 12 months.

Typical price per sqft
AED 1,548
Typical sale
AED 3.1M
Typical rent
AED 190K /yr
Typical yield
5.3%
Murjan 3, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 24th floor

All 92 units in Murjan 3
Value
24012-bedAED 3.08M · Apr 2016
24022-bedAED 2.48M · Feb 2014
24032-bedAED 2.1M · May 2024

2404, Murjan 3 in numbers

  • Sold 3 times: first on 13 May 2008 for AED 2,325,000, last on 30 August 2023 for AED 2,100,000 (AED 1,432 per sqft).
  • Rented since March 2016 on 6 Ejari contracts, from AED 145,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2023 price is 4.5%, before a service charge of about AED 21,800 a year (AED 14.89 per sqft).
  • Two-beds in Murjan 3 sold for AED 2,275,000–2,730,000 in the 12 months to November 2026; the building's median across all types is AED 1,548 per sqft.

Source: Dubai Land Department. Updated 30 August 2023.

Questions about 2404, Murjan 3

What did unit 2404 last sell for?

AED 2,100,000 on 30 August 2023: AED 1,432 per sqft for 1,466 sqft. The unit has 3 registered sales; the first was AED 2,325,000 in May 2008.

What is the rent for unit 2404?

AED 95,000 a year on the contract signed on 3 February 2021. The previous contract, from April 2020, was AED 90,000; the unit has been rented since March 2016.

How big is unit 2404?

1,466 sqft (136.2 sqm): a two-bedroom apartment on the 24th floor of a 29-storey tower completed in 2007.

What is unit 2404 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Murjan 3 sold for AED 2,275,000 to 2,730,000 in the last 12 months, around AED 1,667 per sqft.

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Mortgage on 2404, Murjan 3

Starts from the last sale price (AED 2.1M, 30 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →